Edgestream Partners L.P. Has $1.69 Million Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Edgestream Partners L.P. lessened its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 36.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 88,810 shares of the real estate investment trust’s stock after selling 50,799 shares during the period. Edgestream Partners L.P. owned about 0.05% of Blackstone Mortgage Trust worth $1,688,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Harbor Capital Advisors Inc. acquired a new position in Blackstone Mortgage Trust in the third quarter valued at about $39,000. Wellington Shields & Co. LLC boosted its holdings in shares of Blackstone Mortgage Trust by 98.0% in the 2nd quarter. Wellington Shields & Co. LLC now owns 4,555 shares of the real estate investment trust’s stock worth $79,000 after acquiring an additional 2,255 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Blackstone Mortgage Trust during the 2nd quarter worth approximately $87,000. Future Financial Wealth Managment LLC acquired a new stake in Blackstone Mortgage Trust during the 3rd quarter valued at $95,000. Finally, Sei Investments Co. bought a new position in Blackstone Mortgage Trust in the 2nd quarter valued at $184,000. Institutional investors and hedge funds own 64.15% of the company’s stock.

Blackstone Mortgage Trust Stock Down 1.5 %

BXMT stock opened at $18.81 on Wednesday. Blackstone Mortgage Trust, Inc. has a twelve month low of $16.53 and a twelve month high of $23.29. The company has a market cap of $3.25 billion, a P/E ratio of -13.53 and a beta of 1.50. The business has a fifty day moving average of $18.59 and a 200-day moving average of $18.23.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company raised their target price on Blackstone Mortgage Trust from $19.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, September 20th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.08.

About Blackstone Mortgage Trust

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company originates and acquires senior floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets.